South Charleston, Ohio Property Taxes
The median property tax rate in South Charleston, Ohio is 1.40%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in South Charleston at $142,240, the typical annual property tax bill amounts to $1,810, falling short of the national median of $2,690. Property taxes in South Charleston are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of South Charleston's property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're in the heart of South Charleston or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Charleston, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s South Charleston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Charleston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Charleston to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Charleston, Ohio
Property taxes in South Charleston, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Charleston is 1.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Charleston set these rates annually, and they can vary across different neighborhoods. Each year, South Charleston estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares South Charleston's effective property tax rate to other areas in Greene County and the national median. For comparison, the zip code 45368 has both the highest and lowest median property tax rate of 1.40%. Understanding how these areas compare with South Charleston provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Charleston Tax Rate
1.40%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Charleston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45368 | 0.87% | 1.19% | 1.40% | 1.42% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across South Charleston, Ohio
In South Charleston, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Greene County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In South Charleston, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in South Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in South Charleston is $1810 in the 45368 zip code, while the lowest median tax bill is also $1810 in the same zip code.
Average South Charleston Assessed Value
$142,240
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Charleston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45368 | $73,837 | $110,145 | $142,240 | $204,708 | $261,444 |
Source: Ownwell
Property Tax Bills Across South Charleston, Ohio
In South Charleston, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this percentage can vary depending on local regulations. Factors such as property size, location, and improvements can influence the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in South Charleston, the median home price is $142,240. Property tax bills in the area range significantly, with the 25th percentile at $1,215 and the 75th percentile at $2,683. At the 90th percentile, homeowners might see tax bills as high as $3,588. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in South Charleston to understand how local rates and assessed values impact their annual tax obligations. This understanding can help homeowners budget effectively and anticipate any changes in their property tax bills.
Average South Charleston Tax Bill
$1,810
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Charleston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45368 | $647 | $1,215 | $1,810 | $2,683 | $3,588 |
Source: Ownwell